The CEO of Ripple, Brad Garlinghouse, congratulated Trump on the win and proposed that, upon taking office, Trump remove Gary Gensler from his position as chair of the SEC.
With Donald Trump's win in the presidential election, the Securities and Exchange Commission (SEC) may decide not to file an appeal brief against Ripple, which might lead to an extension of its rise to $0.6640. This could explain why Ripple's XRP is up more than 5% on Wednesday.
With Trump's triumph, XRP is poised for a bull season.
In the 24 hours after Donald Trump's victory in the US presidential elections, XRP rose 5%, suggesting it is likely to continue its current good run.
Following the election results, the coin, which has seen many setbacks since the SEC sued Ripple Labs, its original business, in December 2020, may be poised for a significant bull run in the months to come.
